Abu Dhabi Investment Authority Invests in India's NIIIF’s Master Fund

Published on: 18/10/2017

National Investment and Infrastructure Fund (NIIF) of India has signed an investment agreement with a wholly owned unit of the Abu Dhabi Investment Authority (ADIA) to invest $1 billion in India’s projects.

According to agreement, ADIA will act as a shareholder of the National Investment and Infrastructure Ltd, NIIF’s investment management company, and will be the first institutional investor in NIIF’s master fund.

Sujoy Bose, NIIF's CEO, noted that “This agreement marks the culmination of an extensive process of collaboration with ADIA to develop an investment structure that is attractive to international investors while remaining closely aligned with NIIF’s objectives,”.

About NIIF

NIIF is a fund manager firm that established in 2015 with the aim of creating long-term value for local and international investors seeking investment in energy, transportation, housing, water, waste management and other infrastructure-related sectors in India.

NIIF facilitates the participation of foreign investors in India’s infrastructure sector. ADIA as a long-standing investor worldwide, is the first partner with NIIF for development of an investment structure which will attract other international investors in the future, Khadem Al Remeithi, executive director of the real estate and infrastructure department at ADIA, said.

ADIA, the Abu Dhabi Investment Authority, one of the largest sovereign wealth funds in the world, invests funds on behalf of the Government of Abu Dhabi, since 1976, with a focus on long-term value creation. ADIA manages a global investment portfolio that is diversified across more than two dozen asset classes and sub-categories, according to IDIA website.

NIIF is optimistic to collaborates with more international investors for India’s infrastructure projects.

Source: Arabian Business

Shanda Consult is specialised in consultancy regarding project-based investments and as a partner in bringing together investors and investment projects.